The Thai stock market has moved lower in consecutive trading days, slumping more than a dozen points or 0.8 percent along the way. The Stock Exchange of Thailand now sits just above the 1,455-point plateau and its expected to open to the upside on Tuesday. The global forecast for the Asian markets is positive, mostly...
The British pound weakened against other major currencies in the European session on Friday, after the Bank of England cut interest rates as expected but signaled stickier inflation. Thursday, the Monetary Policy Committee decided to lower the rate by 25 basis points to 4.75 percent. The outcome of the two-day meeting matched expectations. Previously, the...
Indian shares look set to open on a weak note Monday as Chinas $1.4 trillion debt swap stimulus fell short of expectations and the release of weak inflation data over the weekend spurred new concerns over the recovery in the worlds second-largest economy. Meanwhile, U.S. President-elect Donald Trump took a clean sweep of the seven...
Indian shares fluctuated in early trade on Monday, tracking mixed cues from global markets as investors weighed the potential impact of Trumps protectionist policies on the global economy. The benchmark S&P/BSE Sensex was up 30 points at 79,518, reversing initial losses. The broader NSE Nifty index was up 8 points at 24,156. Tata Motors rallied...
European stocks are likely to open on a positive note Monday as investors await upcoming U.S. inflation data and speeches by Federal Reserve officials for additional clues to the Feds rate trajectory. U.S. reports on consumer and producer prices, retail sales and industrial production due later in the week may provide further insights into the...
The Chinese economy still faces the risk of slipping into a deflationary trap, Capital Economics economist Gabriel Ng said. Data released by the National Bureau of Statistics on Saturday showed that consumer price inflation softened to 0.3 percent in October from 0.4 percent in September. Moreover, this was the weakest in four months. Meanwhile, core...
After surging during Wednesdays trading, the value of the U.S. dollar has shown a notable move back to the downside during trading on Thursday. The U.S. dollar index is currently sliding 0.73 points or 0.7 percent to 104.35 after jumping by 1.6 percent to its highest levels in almost four months on Wednesday. The greenback...
Japan will on Friday release September figures for household spending, highlighting a light day for Asia-Pacific economic activity. Spending is expected to sink 0.7 percent on month and 1.8 percent on year after adding 20 percent on month and falling 1.9 percent on year in August. Japan also will see September figures for its leading...
The South Korea stock market on Thursday ended the two-day slide in which it had slumped more than 25 points or 1 percent. The KOSPI now sits just above the 2,560-point plateau and it may pick up steam on Friday. The global forecast is positive after the Federal Reserve cut its benchmark lending rate by...
The average of household spending in Japan was down 1.1 percent on year in September, the Ministry of Economy, Trade and Industry said on Friday - coming in at 287,963 yen. That beat forecasts for a decline of 1.8 percent following the 1.9 percent drop in August. On a monthly basis, spending fell 1.3 percent...